Bloomberry Resorts Corporation, whose subsidiaries own and operate Solaire Resort & Casino and Jeju Sun Hotel & Casino (Jeju Sun), reported audited consolidated net loss of P4.2 billion for 2021, an improvement compared to net loss of P8.3 billion in 2020. In a disclosure to the Philippine...
Local share prices weakend as investors fear rising inflation amid the intensifying war between Russia and Ukraine. The main index lost 53.94 points or 0.74 percent to close at 7,288.07 as the Industrial sector led the retreat while the Mining and Oil counter was the only advancer. Volume improved...
Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, reported a 118 percent jump in core net income last year to P2.53 billion from P1.16 billion in 2020. In a disclosure to the Philippine Stock Exchange, the firm said “Favorable and sustained...
Solar Philippines Nueva Ecija Corporation’s stockholders have approved its increase in authorized capital stock and the P60 billion share swap with parent company Solar Philippines Power Project Holdings Inc. In a disclosure to the Philippine Stock Exchange, the firm said it will raise its...
SM Prime Holdings Inc., one of the leading integrated property developer in Southeast Asia, is planning to issue up to P30 billion in bond from the fourth tranche of its P100 billion debt securities program. Philippine Rating Services Corporation (PhilRatings) has assigned the highest issue credit...
The local stock market is seen to continue being pulled back and forth by earnings reports and positive factors such as the improving Covid-19 situation and negative risks such as Russia’s invasion of Ukraine and inflation fears. “Next week, the local market may continue to trade sideways...
Logo TESDA The Technical Education and Skills Development Authority (TESDA) has partnered with Petron Corporation to further boost its automotive training program. The agency recently signed a memorandum of agreement with the said oil company to establish a “state-of-the-art Car Care Center.”...
The local stock market closed Friday lower as it seesawed between gains and losses during the week. The main index lost 46.08 points or 0.62 percent to close at 7,342.01 as conglomerates led the retreat with Property and Mining firms holding their ground. Volume dropped to 1.33 billion shares worth...
Sky Cable Corporation’s broadband internet service provider SKY Fiber is aiming to get a bigger piece of the rapidly growing home internet market by offering cost-effective internet connectivity. In a media briefing, the firm launched its new Super Speed Plans that address the need for fast and...
Security Bank Corporation’s net income income dipped to P6.9 billion in 2021 from P7.4 billion in the prior year because the passage of the CREATE law triggered a one-time P1.2 billion charge for deferred tax assets. In a disclosure to the Philippine Stock Exchange, the bank said its profit...
Robinsons Land Corporation (RLC) is preparing to unveil the expansion of its Robinsons Place Antipolo, an urban lifestyle destination, as retail consumption makes steady progress towards recovery. Slated for opening in May this year, the expansion of Robinsons Place Antipolo will increase the...
The PSEi bounced back after investors started picking up bargains in the afternoon session. The main index rose 84.07 points or 1.15 percent to close at 7,388.09 as the Mining and Oil counter led the rally across the board. Volume also expanded to 1.82 billion shares worth P8.26 billion as gainers...
